Capital gains - cost of acquistion
This query is : Resolved
10 January 2014
DEAR PROFESSIONALS,
SUPPOSE IF I PURCHASE A LAND AND SELL IT LATER ON WHAT WILL BE THE COST OF ACQUISTION FROM THE FOLLOWING WHILE CALCULATING CAPITAL GAINS ON ITS SALE SUBSEQUENTLY.
STAMP DUTY VALUE :: RS.91000 /-
VALUE IN PURCHASE DOCUMENT:: RS.8200
CONSIDERATION ACTUALLY PAID:: RS.32000
YEAR OF PURCHASE :; 2006-2007
YEAR OF SALE::2010-2011
PLS CLARIFY
SUPPOSE IF I PURCHASE A LAND AND SELL IT LATER ON WHAT WILL BE THE COST OF ACQUISTION FROM THE FOLLOWING WHILE CALCULATING CAPITAL GAINS ON ITS SALE SUBSEQUENTLY.
STAMP DUTY VALUE :: RS.91000 /-
VALUE IN PURCHASE DOCUMENT:: RS.8200
CONSIDERATION ACTUALLY PAID:: RS.32000
YEAR OF PURCHASE :; 2006-2007
YEAR OF SALE::2010-2011
PLS CLARIFY
11 January 2014
the documented amounts ie the amount you paid as per records ie Rs 8200..
Message likes :
1 times
13 January 2014
IT WILL BE AGREEMENT VALUE OF RS 8,200.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Rent lease agreement
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST ON DAMAGED GOODS
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG FOR GOLD ETFs
- Loan by Partnership Firm
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
